Sun. Dec 22nd, 2024

U.S. Cellular Shares Surge 14% on Spectrum Asset Deals

U.S. Cellular Corporation’s shares jumped 14% on Tuesday following the news of deals for spectrum assets. The company announced it will sell some of its 600 MHz spectrum to T-Mobile US Inc. and Dish Network Corp. for $3.5 billion. U.S. Cellular will also sell some of its 700 MHz spectrum to Dish for $800 million.

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